Mitsubishi Electric Co. (OTCMKTS:MIELY) Short Interest Up 604.5% in February

Mitsubishi Electric Co. (OTCMKTS:MIELY) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 31,000 shares, a growth of 604.5% from the February 13th total of 4,400 shares. Based on an average trading volume of 973,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Mitsubishi Electric Stock Up 7.2 %

OTCMKTS:MIELY traded up $2.49 during midday trading on Thursday, reaching $36.94. The stock had a trading volume of 45,652 shares, compared to its average volume of 156,325. The firm has a fifty day simple moving average of $32.86 and a two-hundred day simple moving average of $33.12. The stock has a market cap of $39.03 billion, a P/E ratio of 19.65 and a beta of 0.57. Mitsubishi Electric has a 12-month low of $25.27 and a 12-month high of $38.48.

About Mitsubishi Electric

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.